This property looks like a bad Airbnb investment with a projected -26.93% first-year return on $149k initial cash invested.
-26.93%
Cash On Cash
0.22%
Cap Rate
0.03
DSCR
$1,780
Rent
-$3,352
Cashflow
Cash Flow
$1,780 income − $5,132 expenses = $3,352 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,255
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,780
Total Expenses
$5,132
Mortgage P&I
191%
$3,398
Property Taxes
35%
$624
Home Insurance
13%
$224
HOA
2%
$32
Property Management
15%
$267
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$445